Barclays Boosts L Brands (NYSE:LB) Price Target to $17.00

L Brands (NYSE:LB) had its target price raised by Barclays from $10.00 to $17.00 in a report released on Friday, Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

Several other equities analysts have also commented on LB. Credit Suisse Group raised L Brands from an underperform rating to a neutral rating and set a $24.00 target price for the company in a report on Tuesday, February 11th. B. Riley lowered their target price on L Brands from $30.00 to $23.00 and set a buy rating for the company in a report on Thursday, March 26th. Guggenheim reaffirmed a hold rating on shares of L Brands in a report on Friday, February 28th. Deutsche Bank reduced their price objective on L Brands from $24.00 to $16.00 and set a buy rating for the company in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a sell rating and set a $8.00 price objective on shares of L Brands in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. L Brands presently has a consensus rating of Hold and a consensus target price of $18.86.

Shares of NYSE:LB traded up $0.63 during trading on Friday, hitting $15.08. 12,084,787 shares of the company traded hands, compared to its average volume of 10,847,508. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -5.94, a PEG ratio of 1.38 and a beta of 1.09. The business’s fifty day moving average is $12.18 and its 200-day moving average is $17.36. L Brands has a one year low of $8.00 and a one year high of $28.01.

L Brands (NYSE:LB) last posted its earnings results on Wednesday, May 20th. The specialty retailer reported ($0.99) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.71) by ($0.28). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.75 billion. L Brands had a negative net margin of 5.89% and a negative return on equity of 26.37%. The firm’s revenue for the quarter was down 37.1% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. Equities research analysts predict that L Brands will post 0.8 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. NuWave Investment Management LLC lifted its position in shares of L Brands by 147.4% during the 4th quarter. NuWave Investment Management LLC now owns 4,732 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 2,819 shares during the last quarter. Cibc Bank USA lifted its position in shares of L Brands by 6.9% during the 4th quarter. Cibc Bank USA now owns 27,928 shares of the specialty retailer’s stock valued at $507,000 after acquiring an additional 1,793 shares during the last quarter. Amalgamated Bank lifted its position in shares of L Brands by 11.1% during the 4th quarter. Amalgamated Bank now owns 55,564 shares of the specialty retailer’s stock valued at $1,007,000 after acquiring an additional 5,533 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of L Brands by 51.0% during the 4th quarter. LS Investment Advisors LLC now owns 21,643 shares of the specialty retailer’s stock valued at $392,000 after acquiring an additional 7,309 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of L Brands by 8.0% during the 4th quarter. Franklin Resources Inc. now owns 111,534 shares of the specialty retailer’s stock valued at $2,022,000 after acquiring an additional 8,271 shares during the last quarter. Institutional investors own 64.28% of the company’s stock.

L Brands Company Profile

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

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Analyst Recommendations for L Brands (NYSE:LB)

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